Can I retire at age 49 with 1,180,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $1,180,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.9%
1 years$97,443$96,575$95,728$94,902$94,095$92,958
2 years$48,239$47,341$46,470$45,626$44,807$43,663
3 years$31,840$30,938$30,069$29,233$28,427$27,311
4 years$23,642$22,743$21,883$21,061$20,275$19,195
5 years$18,725$17,830$16,982$16,177$15,413$14,373
6 years$15,447$14,560$13,724$12,937$12,195$11,197
7 years$13,107$12,227$11,405$10,636$9,918$8,962
8 years$11,353$10,481$9,672$8,922$8,228$7,313
9 years$9,989$9,126$8,331$7,600$6,929$6,056
10 years$8,899$8,044$7,263$6,551$5,904$5,071
11 years$8,008$7,161$6,394$5,701$5,078$4,285
12 years$7,265$6,427$5,675$5,001$4,400$3,646
13 years$6,638$5,808$5,070$4,415$3,837$3,121
14 years$6,100$5,280$4,555$3,919$3,364$2,685
15 years$5,635$4,823$4,113$3,495$2,962$2,319
16 years$5,228$4,425$3,729$3,130$2,617$2,009
17 years$4,869$4,075$3,393$2,812$2,321$1,746
18 years$4,551$3,766$3,097$2,534$2,064$1,521
19 years$4,266$3,490$2,836$2,290$1,839$1,328
20 years$4,010$3,243$2,602$2,074$1,643$1,162
21 years$3,779$3,021$2,394$1,882$1,470$1,018
22 years$3,569$2,820$2,206$1,711$1,318$893
23 years$3,378$2,637$2,037$1,558$1,183$784
24 years$3,203$2,471$1,884$1,421$1,063$689
25 years$3,042$2,319$1,745$1,298$957$607
26 years$2,894$2,179$1,618$1,187$862$534
27 years$2,757$2,051$1,503$1,086$777$471
28 years$2,630$1,933$1,397$995$701$415
29 years$2,512$1,823$1,300$913$633$366
30 years$2,402$1,722$1,211$838$572$323
31 years$2,299$1,628$1,129$769$517$285
32 years$2,203$1,540$1,053$707$468$252
33 years$2,113$1,459$983$650$423$223
34 years$2,029$1,382$919$598$383$197
35 years$1,949$1,311$859$551$347$174
36 years$1,874$1,245$804$507$315$154
37 years$1,803$1,182$752$467$285$136
38 years$1,736$1,123$704$431$258$120
39 years$1,673$1,068$660$397$234$107
40 years$1,613$1,016$619$366$213$94
41 years$1,556$967$580$338$193$83
42 years$1,502$921$544$312$175$74
43 years$1,451$878$511$288$159$65
44 years$1,402$837$479$266$144$58
45 years$1,355$798$450$246$131$51
46 years$1,311$761$423$227$119$45
47 years$1,269$726$397$210$108$40
48 years$1,228$693$373$194$98$36
49 years$1,189$662$351$179$89$31
50 years$1,152$633$330$165$81$28

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 49 starting with $1,180,000, adding $3,699 every year, while hoping to spend $27,400 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 55/16/29 Blend
48$1,180,000$1,180,000$1,180,000$1,180,000
49$1,304,176$1,241,636$1,223,346$1,365,231
50$1,408,048$1,273,322$1,235,174$1,439,480
51$1,521,597$1,305,643$1,246,481$1,517,183
52$1,645,781$1,338,601$1,257,219$1,601,271
53$1,781,655$1,372,196$1,267,340$1,692,368
54$1,930,380$1,406,430$1,276,792$1,791,163
55$2,093,235$1,441,301$1,285,521$1,898,415
56$2,271,629$1,476,809$1,293,470$2,014,961
57$2,467,113$1,512,951$1,300,579$2,141,722
58$2,681,395$1,549,722$1,306,785$2,279,714
59$2,916,357$1,587,119$1,312,022$2,430,058
60$3,174,072$1,625,133$1,316,221$2,593,987
61$3,456,821$1,663,759$1,319,308$2,772,861
62$3,767,119$1,702,985$1,321,207$2,968,181
63$4,107,734$1,742,801$1,321,837$3,181,597
64$4,481,718$1,783,193$1,321,114$3,414,933
65$4,892,431$1,824,147$1,318,949$3,670,195
66$5,343,575$1,865,646$1,315,249$3,949,597
67$5,839,226$1,907,669$1,309,916$4,255,578
68$6,383,878$1,950,196$1,302,850$4,590,826
69$6,982,480$1,993,202$1,293,941$4,958,305
70$7,640,484$2,036,660$1,283,079$5,361,281
71$8,363,896$2,080,539$1,270,145$5,803,355
72$9,159,335$2,124,807$1,255,017$6,288,496
73$10,034,092$2,169,428$1,237,565$6,821,079
74$10,996,201$2,214,360$1,217,654$7,405,925
75$12,054,511$2,259,562$1,195,143$8,048,349
76$13,218,774$2,304,984$1,169,884$8,754,209
77$14,499,736$2,350,575$1,141,722$9,529,963
78$15,909,235$2,396,278$1,110,495$10,382,727
79$17,460,313$2,442,032$1,076,033$11,320,348
80$19,167,344$2,487,771$1,038,160$12,351,472
81$21,046,164$2,533,423$996,689$13,485,629
82$23,114,222$2,578,910$951,427$14,733,324
83$25,390,744$2,624,148$902,171$16,106,137
84$27,896,916$2,669,047$848,710$17,616,828
85$30,656,081$2,713,510$790,821$19,279,465
86$33,693,962$2,757,433$728,275$21,109,551
87$37,038,903$2,800,703$660,828$23,124,174
88$40,722,134$2,843,200$588,229$25,342,167
89$44,778,070$2,884,796$510,213$27,784,288
90$49,244,633$2,925,351$426,506$30,473,418
91$54,163,611$2,964,719$336,819$33,434,771
92$59,581,050$3,002,740$240,852$36,696,141
93$65,547,689$3,039,246$138,293$40,288,158
94$72,119,440$3,074,056$28,812$44,244,583
95$79,357,915$3,106,977$0$48,602,623
96$87,331,007$3,137,804$0$53,430,525
97$96,113,530$3,166,316$0$58,757,533
98$105,787,925$3,192,281$0$64,624,650
99$116,445,039$3,215,448$0$71,086,896
100$128,184,981$3,235,553$0$78,204,900